Thursday, March 31, 2011

Masterskill up on dividend payout

KUALA LUMPUR: Masterskill Education Group Bhd shares rose on Thursday, March 31 after it recommended a final single tier dividend of 7.9 sen per 20 sen share for the financial year ended Dec 31, 2010.

At 9.25am, Masterskill was up six sen to RM1.91 with 1.61 million shares traded.

It said on Wednesday, March 30 the dividends would be payable on June 15. The group had on Oct 13, 2010, completed the distribution of an interim dividend of seven sen per share to the shareholders.

The total of 14.9 sen per share dividend for 2010 will represent a total payout of 60% of its net profit, equivalent to RM61 million.

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